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Panther Securities swings to profit on property valuation gains
StockMarketWire.com
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Property investor Panther Securities swung to a full-year profit, thanks to positive movements in the value of its investment properties.
Pre-tax profit for the year through December amounted to £2.6 million, compared to year-on-year losses of £5.0 million.
Rental revenue fell to £13.1 million, down from £14.2 million.
Panther Securities proposed a final dividend of 6p per share, adding to an interim dividend of 6p.
'I am pleased that I am able to present the results for the year ended 31 December 2020, which, by anybody's view, has been a most unusual year,' chairman Andrew Perloff said.
At 9:20am: (LON:PNS) Panther Securities PLC share price was 0p at 175p
Story provided by StockMarketWire.com
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